Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives Average Rating of “Moderate Buy” from Analysts

Golub Capital BDC, Inc. (NASDAQ:GBDC) has been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.38.

Several research analysts recently issued reports on the stock. StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Wells Fargo & Company reduced their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GBDC. Janney Montgomery Scott LLC increased its holdings in Golub Capital BDC by 6.1% in the third quarter. Janney Montgomery Scott LLC now owns 88,294 shares of the investment management company’s stock valued at $1,334,000 after buying an additional 5,057 shares in the last quarter. SpiderRock Advisors LLC purchased a new position in Golub Capital BDC in the third quarter valued at $621,000. Atria Investments Inc increased its holdings in Golub Capital BDC by 9.3% in the third quarter. Atria Investments Inc now owns 97,163 shares of the investment management company’s stock valued at $1,468,000 after buying an additional 8,273 shares in the last quarter. Legacy Capital Wealth Partners LLC grew its position in shares of Golub Capital BDC by 99.6% in the third quarter. Legacy Capital Wealth Partners LLC now owns 203,230 shares of the investment management company’s stock valued at $3,071,000 after purchasing an additional 101,409 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of Golub Capital BDC by 9.6% in the third quarter. GSA Capital Partners LLP now owns 19,217 shares of the investment management company’s stock valued at $290,000 after purchasing an additional 1,685 shares during the period. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 1.5 %

NASDAQ GBDC opened at $15.03 on Monday. The company has a fifty day simple moving average of $15.45 and a two-hundred day simple moving average of $15.27. The stock has a market cap of $3.99 billion, a P/E ratio of 10.89 and a beta of 0.50. Golub Capital BDC has a 12-month low of $14.05 and a 12-month high of $17.72. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. On average, analysts forecast that Golub Capital BDC will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $0.39 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 10.38%. Golub Capital BDC’s payout ratio is 113.04%.

About Golub Capital BDC

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.